S&S Cycle acquires majority of Crane Cams assets
According to the Daytona Beach News-Journal, a team made up of S&S Cycle representatives and former Crane Cams CEO Lance Harris put in a bid of $1.2 million for the Crane Cams name, 16 patents and 3 trademarks, plus an additional $215,000 for the company's leftover inventory.
This deal will likely keep Crane's old and reportedly very outdated manufacturing facility in Florida shuttered, so we're not yet sure what this news will mean for the 280 employees left jobless after the parts company went bankrupt.
[Source: Daytona Beach News-Journal via Dealernews]
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